XML 61 R21.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Subsequent Events | 6 Months Ended
--- | ---
Jun. 30, 2014
Subsequent Events [Abstract] |
Subsequent Events | Subsequent Events On July 31, 2014, Union Advertising Canada LP (a 70%-owned subsidiary of the Company), acquired 100% of the issued and outstanding stock of Trapeze Media Limited. Trapeze Media is a Toronto-based digital advertising company. Prior to the acquisition, the Company owned 18% of the equity interests in Trapeze, and Miles Nadal (the Company’s President and Chief Executive Officer) owned 54% of the equity interests. The total aggregate consideration for 100% of the equity interests in Trapeze was $5,338 (or $4,375 excluding the Company’s current equity interest). Mr. Nadal recused himself from all Board discussions relating to Trapeze. The Stock Purchase Agreement contains customary representations and warranties and covenants of each party. Breaches of any representations and warranties will be subject to customary indemnification provisions. In connection with the approval of the acquisition, the Audit Committee of the Company obtained a fairness opinion to confirm that the consideration to be paid by Union Advertising to the shareholders of Trapeze was fair from a financial point of view to the Company. The acquisition of Trapeze by Union is expected to create an integrated agency with strong digital capabilities and more significant scale. In order to maximize the operating efficiency of the combined operations, the employees of Trapeze will relocate into Union’s current offices, and certain changes were made to the combined entity’s executive management team. Effective August 1, 2014, MDC acquired a majority of the equity interests of one company and substantially all of the assets of a second company. The aggregate purchase price for these two transactions included $7,500 paid at closing, plus additional contingent amounts based on earnings for 2013 through 2018.

X
- Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration